City comparison
Denver, CO vs Toledo, OH
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Denver, CO are 15.7% higher than in Toledo, OH. Someone earning $100,000 in Toledo, OH would need about $115,700 in Denver, CO to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,754 a month in Denver, CO versus $820 in Toledo, OH. On $100,000, that's 28% of take-home pay in Denver, CO and 13% in Toledo, OH.
- On $100,000, estimated state income tax is about $1,724 a year higher in Denver, CO than in Toledo, OH.
- For federal employees, locality pay changes a GS-13 step 1 salary by −10.3% moving from Denver, CO to Toledo, OH ($118,675 → $106,437), while prices change by −13.5%. Net effect of the transfer: +3.7% in real buying power.
- Denver, CO: price level 105.8 (pricier)
- Toledo, OH: price level 91.5 (much cheaper)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Denver, CO | Toledo, OH | |
|---|---|---|
| Price level (U.S. = 100)2 | 105.8 | 91.5 |
| $100,000 is worth, in the other city2 | $86,456 in Toledo | $115,666 in Denver |
| Typical 1-bedroom rent3 | $1,754/mo | $820/mo |
| Take-home on $100,00014,15,8 | $75,488 | $77,212 |
| State income tax on $100,000 (estimate)8 | $3,692 (CO) | $1,968 (OH) |
| Rent burden on $100,000 | 28% | 13% |
| Median pay, all jobs4 | $62,320 | $48,220 |
| Federal locality pay area7 | Denver-Aurora, CO | Rest of U.S. |
Rent areas: Denver-Aurora-Centennial, CO MSA and Toledo, OH MSA. Metro areas: Denver-Aurora-Centennial, CO and Toledo, OH.
What costs more or less
| Price level (U.S. = 100) | Denver | Toledo |
|---|---|---|
| Housing (rent) | 146.9 | 67.3 |
| Goods | 101.0 | 93.6 |
| Utilities | 87.9 | 96.3 |
| Other services | 99.4 | 98.9 |
| Overall | 105.8 | 91.5 |
Moving with the same $100,000 salary
Denver, CO → Toledo, OH
Same pay goes further
Buying power +15.7%; rent takes 13% of take-home; state tax −$1,724/yr.
100 Strong offer
Toledo, OH → Denver, CO
Same pay buys less
Buying power −13.5%; rent takes 28% of take-home; state tax +$1,724/yr.
33 Weak offer
On the GS pay scale?
Denver, CO is in the Denver-Aurora, CO pay area; Toledo, OH is in Rest of U.S.. The last column shows what a transfer from Denver, CO to Toledo, OH at the same grade and step does to real buying power.
| Grade5,2 | Denver, CO | Toledo, OH | Real change, Denver → Toledo |
|---|---|---|---|
| GS-9 step 1 | $68,819 | $61,722 | +3.7% |
| GS-11 step 1 | $83,265 | $74,678 | +3.7% |
| GS-12 step 1 | $99,800 | $89,508 | +3.7% |
| GS-13 step 1 | $118,675 | $106,437 | +3.7% |
| GS-14 step 1 | $140,239 | $125,776 | +3.7% |
Pay for common jobs
| Median annual pay4 | Denver, CO | Toledo, OH | Toledo pay in Denver dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $76,910 | $63,250 | $73,159 (−4.9%) |
| Software Developers | $137,610 | $104,360 | $120,709 (−12.3%) |
| Accountants and Auditors | $100,020 | $77,400 | $89,525 (−10.5%) |
| Registered Nurses | $101,130 | $81,050 | $93,747 (−7.3%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.